Fortress CEO Resigns Amid SEC Fannie Mae Fraud Claims

Law360, New York (January 25, 2012, 12:43 PM EST) -- Fortress Investment Group LLC said Tuesday that CEO Daniel Mudd has resigned from the company and its board, shortly after taking a leave of absence amid the U.S. Securities and Exchange Commission's fraud allegations in New York over his time leading mortgage giant Fannie Mae.

The publicly traded investment group announced Mudd's leave of absence Dec. 21, and said at the time that Randal A. Nardone, a Fortress principal and co-founder, would serve as interim CEO.

“I want to thank Fortress for the opportunity to help...
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